When Producing Goods and Services Along a PPF, Tradeoffs Exist

question 146

Multiple Choice

When producing goods and services along a PPF, tradeoffs exist because

• A) society has only a limited amount of productive resources.
• B) buyers and sellers often must negotiate prices.
• C) not all production is efficient.
• D) human wants and needs are limited at a particular point in time.

---

Definitions:

NASW Code

A set of guidelines and ethical standards defined by the National Association of Social Workers.

Basic Rights

Fundamental entitlements inherent to all human beings, without discrimination, including rights to life, liberty, and personal security.

Human Rights

The fundamental rights and freedoms that every person is entitled to, regardless of nationality, sex, ethnic origin, color, religion, language, or any other status.

Basic Rights

Fundamental rights that are considered to be inherent and inalienable to every individual, often encompassing freedom, equality, and justice.